dcbwhaley wrote:
Mole wrote:
I keep pretty meticulous records of everything I spend on my cars. My last three have averaged out at just under 5p/mile in maintenance and depreciation. I'm then looking at about 20p/mile for fuel, insurance and road tax, so a total of about 25p/mile. That's using a fair few second hand parts and doing all the work myself.
Keeping a £3000 car for three or four years I reckon on: £800 pa in depreciation; £100 pa in lost interest on the capital; £150 each on tax and insurance and £3000 on servicing. That is £1500 a year before the car moves. At 10K miles a year that is 15p plus another 15p for fuel plus an unpredictable cost for additional wear and tear.
I pay less and tend to write them off (not crash them!) I just run them until they're dead and break them - trying to get a similar one in better condition so I can keep the good parts off my previous one as spares. The one I'm about to break now cost me £300 about 8 years ago. Can't say I haven't had my money's worth! The one I got to replace it is much tidier, but cost me £600. Trouble is, that model hasn't been produced for over 10 years now and this will almost certainly be my last one as they're getting too rare.
